We prefer "coolest" and "best country ever," but we'll take "most admired" too.

That's the title our home and native land has been given thanks to a report by the Reputation Institute. (Pretty cool name, don't you think?)

Celebration time, Canucks! Wear some red and drink some maple syrup.

Last year, Switzerland had the highest reputation score, but we stole the title back and we're not giving it away. How un-Canadian of us!

The Institute determines who reigns supreme by surveying 48,000 people between the months of February and March. The participants are from the world's largest countries as determined by the their GDP.

There are three factors that "reputation" is determined by:

Effective Government: Is this country safe and ethical? Does it have progressive policies? Nearly 37 per cent of the overall rating is determined by this marker.Appealing Environment: Are the people of this country friendly? If so, 5,000 points for Gryffindor! Not actually, 36 per cent of the rating.Advanced Economy: A full 27 per cent of a country's score is determined on its ability to contribute to global cultureThis year, Canadians got a score of 78.1, while Norway and Sweden came in at 77.1 and 76.6, respectively, to round out the top three.

While we're pretty much slaying it, Fernando Prado from the Institute told CTV's Canada AM that we have some work to do on the economy front. He notes that we lag in having "strong brands and being a contributor to global culture," Huffington Post reports.